Exact Data CEO Makes a Case for Data

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Larry Organ comments on recent DMA study.

Exact Data would like to make everyone aware that the company takes consumer privacy very seriously. The company has a deep commitment to the privacy of every individual about whom we hold information. Many have asked, so the CEO, Larry Organ, wanted to share why selling data is so vital to the US economy, and how the data Exact Data sells is compiled.

A recent study entitled, The Value of Data: Consequences for Insight, Innovation & Efficiency in the U.S. Economy, found that the data-driven marketing economy (DDME) added $156 billion in revenue to the U.S. economy and fueled more than 675,000 jobs in 2012 alone—and 70 percent of that value was dependent on the ability to exchange data across the economy. The study, commissioned by DMA's Data-Driven Marketing Institute and conducted independently by Professors John Deighton of Harvard Business School and Peter Johnson of Columbia University, found that the DDME was "made in America" and that the exchange of data across the DDME is vitally important for small businesses to compete effectively with big players and for innovation across the marketplace.

In relation to the sourcing of data Exact Data sells to customers, the primary sources of this data are as follows:
a) Public records and publicly available data; such as phone records or property listings in local public records
b) Self reported or marketing surveys; such as product registration data where the consumer has voluntarily consented to the sharing of their data for marketing offers.
c) Private databases where there is a privacy policy and a choice mechanism to allow the consumer to opt-out of their data being shared with marketers.

Exact Data hopes the information above sheds light on how data is compiled, and helps people understand what a vital role it plays in the success of the economy today. Users interested in receiving more information on mailing lists should contact Exact Data directly at (877) 440-3282 or email info(at)exactdata(dot)com

About Exact Data
Exact Data provides multi-channel direct marketing services with a specialty in postal, email, and telephone solutions. Encompassing the entire lifecycle of customer information, Exact Data’s services focus on acquiring and retaining customers, validating, cleaning, and enhancing customer data, and improving the overall performance of marketing communications.

Exact Data is a Chicago-based company with regional offices across the United States. The company was founded in 2001 and is headquartered in Chicago, Illinois.

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Travis Wittenburg
@ConsumerBaseLLC
since: 02/2011
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